IRAS officer KVV Satyanarayana,

IRAS officer KVV Satyanarayana, who is accused of damaging the state’s economy, found himself sidelined when the coalition government came to power. He returned to his parent department, Railways. On the 13th of this month, the Railway Board directed him to join the North Eastern Railway. His deputation in the state will end on the 18th of this month. Since 2017, he has been working as a secretary in the state finance department.

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After YSRCP came to power in 2019, Jagan entrusted the crucial task of fund disbursement to this officer. For five years, Jagan paid bills only to his followers, violating the FIFO (First In First Out) rules. As a result, 4 lakh petitions were filed in the High Court over pending bills. Ignoring these petitions, Jagan prioritized payments to his close associates.

Even on the day Chandrababu took his oath as CM, Satyanarayana paid bills to Jagan’s lawyers and those who argued against Amaravati. Many unconstitutional and financially crippling decisions made by the YSRCP government over the past five years were attributed to Satyanarayana.

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This official was also behind the seizure of government lands, offices, colleges, parks, and port lands by the state secretariat in Vizag. In the name of APSDC, revenue due to the exchequer was diverted, and a loan of Rs. 25,000 crores from banks was raised against the constitution. Liquor VAT income that should have been credited to the treasury was diverted to the Beverages Corporation in the name of a special margin, resulting in a debt of Rs. 22,500 crores.